Online Course with hands on experience on IFRS Series: Understanding IFRS 17 (Insurance Contract)

Course Objective

As the title refers, this course attempts to develop confidence in applying IFRS 17 from the fundamental level. The participants are expected to build themselves into applying IFRS 17 confidently especially in the insurance industries.


IFRS 17 replaces IFRS 4 on accounting for insurance contracts. IFRS 17 is effective for insurance contracts. IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2023. However, each country will differ in terms of the effective date of adopting IFRS 17. For example, IFRS 17 would be effective from 1 January 2024 in Thailand and from 1 January 2025 in Indonesia. The financial services authorities of each country encourage the insurance industry to adopt IFRS 17 as soon as possible. The features in insurance products are increasingly diverse which entails a sound accounting standards. IFRS 17 will make the Financial Statements of insurance companies more comparable with other industries such as banking  and other financial services. The most significant thing in IFRS 17 compared to the previous standard IFRS 4 is that the premiums are not recognized directly as income. There are 3 methods of revenue recognition in the insurance industry, namely the Building Block Approach, Premium Allocation Approach, and Variable Fee Approach.


1.         Difference between IFRS 4 and IFRS 17

2.         Contractual Service Margin (CSM)

3.         Accounting for Building Block Approach (BBA)

4.         Revenue Recognition by Releasing CSM

5.         Accounting for Premium Allocation Approach (PAA)

6.         Accounting for Variable Fee Approach (VFA)

7.         Onerous Contract

8.         Financial statement using IFRS 17

Training Platform: Zoom application (Zoom meeting link  and username/password will be provided 3 days prior to the training starts)

Application Software: Spreadsheet


Special discount for early bird!

USD 200/person (from today to 25 August 2023)


Pay 2 Join 4 at USD 480!!!

Pay 3 Join 5 at USD 600!!!

Certificate: Successful candidates will be awarded with certificate of achievement and transcript

Trainer: Dr. Ahalik, CPA, CA, Asean CPA

“Partner of Public Accountant Firm, Accounting Lecturer, and Author”

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